Growth Volatility and Financial Liberalization
收藏NBER2004-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10560
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资源简介：
We examine the effects of both equity market liberalization and capital account openness on real consumption growth variability. We show that financial liberalization is mostly associated with lower consumption growth volatility. Our results are robust, surviving controls for business-cycle effects,
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美国国家经济研究局创建时间：
2004-06-01
